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Your father gifted you Rs. 5000 cash on your birthday. You used that money to buy a bond with no expiration date that pays annual

Your father gifted you Rs. 5000 cash on your birthday. You used that money to buy a bond with no expiration date that pays annual interest of Rs. 500. What will be the market price of your bond if the interest rate on newly issued bonds of similar attributes rises to 7.5%? Show your working.

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